Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0793%/8h= −86.8% APRpaid last 24h −0.034%

Price spread now: Bybit against Polymarket Perps−0.067%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Bybit is 0.067% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CXMT-USD	8.6728	−0.3803	get 0.0475% / 1h	14m 02s	$8K	$50K	10x
Short	Bybit CXMTUSDT	8.6670	−0.4596	pay 0.4596% / 8h	4h 14m	$1.0M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee BybitbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$166.45
Price spread: −0.067% → 0.000%: −$6.69
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$192.14
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Polymarket Perps no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	1.73 bp	13.7 bp −$14	122.1 bp −$1,221	doesn't fit	doesn't fit

Polymarket Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CXMT on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CXMTUSDTshort	−0.4596%	8h	8.6670	−0.067%	$1.0M	$1.0M	20x
Binance CXMTUSDT	−0.4302%	4h	8.6860	+0.152%	$4.5M	$8.8M	20x	as long as short
Polymarket Perps CXMT-USDlong	−0.3803%	1h	8.6728	long leg	$8K	$50K	10x
tradeXYZ xyz:CXMT	−0.3627%	1h	8.6650	−0.090%	$56.4M	$8.9M	10x	as long as short
Popdex CXMTUSDT	−0.3272%	1h	8.6850	+0.141%	$1K	$115K	20x	as long as short
Gate CXMT_USDT	−0.2888%	1h	8.6600	−0.148%	$5.9M	$13.0M	50x	as long as short
Ondo Perps CXMT-USD.P	−0.2573%	1h	8.6498	−0.265%	$29K	$33K	10x	as long as short
SoDEX CXMT-USD	−0.2514%	1h	8.6670	−0.067%	$230K	$9K	5x	as long as short
OKX CXMT-USDT-SWAP	−0.2428%	8h	8.6710	−0.021%	$1.5M	$5.2M	20x	as long as short
Bitget CXMTUSDT	−0.2303%	8h	8.6700	−0.032%	$595K	$834K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CXMTUSDT	−0.1997%	8h	8.6860	+0.152%	$139K	$100K	20x	as long as short
Lighter CXMT	−0.1448%	1h	8.6811	+0.096%	$102K	$18K	5x	as long as short
SunX CXMT-USDT	−0.1423%	4h	8.6920	+0.221%	$85	$2.4M	10x	as long as short
ApeX Omni CXMTUSDT	−0.1202%	1h	8.6900	+0.198%	$8K	$250K	50x	as long as short
edgeX CXMTUSDC	−0.0025%	4h	8.6675	−0.061%	$438K	$242K	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.7640	+1.052%	$32K	$37K	10x	as long as short